[Funding alert] Skincare startup mCaffeine raises Rs 42 Cr in Series B round from Amicus Capital, others

[Funding alert] Skincare startup mCaffeine raises Rs 42 Cr in Series B round from Amicus Capital, others

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Mumbai-based company Pep Technologies, which owns skincare brand mCaffeine, on Monday said that it has raised Rs 42 crore in a Series B round from Amicus Capital, along with RPSG Ventures, and Aman Gupta, Founder of Boat Audio. Its existing investor Telama Investments also participated in the round.

The current round comes after the Series A round ended in June 2019 when it raised $2 million from a group of investors, led by RPSG Ventures

Sunil Theckath Vasudevan, Co-founder and Partner, Amicus Capital, said , “The startup has demonstrated very healthy unit economics while delivering high revenue growth.
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